In its most recent trading session, Pimco Corporate & Income Stategy Fund (PCN) spiked up by 0.4% – here is what that looked like (as of 2019-10-29):
What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.142, an Accumulation/Distribution Index (ADI) of 0.142, an On-Balance Volume (OBV) of 70.316, and a Chaiikin Money Flow (CMF) of -18.88. 2.714
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Pimco Corporate & Income Stategy Fund (PCN). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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